WASHINGTON – Congressman Jeb Hensarling (R-TX) – a leading conservative and chairman of the House Financial Services Committee – announced today he has co-sponsored legislation that will allow Americans to keep their health care plan.

“Time and time again, when extolling the virtues of the so-called ‘Affordable Care Act,’ President Obama promised the American people that if they liked their current health care plan, they would be able to keep it. Period. In fact, the president made this promise so often that the Washington Post said the pledge was ‘one of the most famous statements of his presidency.’ In light of recent reports that more than 2 million people are ‘getting booted’ from their current plans and that up to 75 percent of the 14 million Americans who have individual insurance will see their plans cancelled because of Obamacare – something the Obama Administration reportedly knew would happen – the Washington Post also said the president’s claim is a ‘whopper.’ At no point did President Obama qualify his statement to indicate that you could keep your current health plan only if it has not changed since March 23, 2010, even after his own administration had issued a regulation putting that qualification into law.

“Sadly, these reports come as no surprise to the countless Americans – including many in my district – who have already received cancellation notices. That is why I am proud to co-sponsor the Keep Your Health Plan Act(H.R. 3350), which would ensure that Americans have what the president promised: the option to keep the plan they have if they like it. The bill would also ensure Americans would not face a penalty under Obamacare for doing so.

“As the list of glitches, consequences, and broken promises of Obamacare grows, it is becoming increasingly clear why one of the law’s chief architects called it a ‘train-wreck.’ It is tragic that – in the land of the free – tens of millions of our fellow countrymen are being forced to buy health insurance they don’t want, at prices they cannot afford, on a website that does not work. Though this bill will help ease the burden for many Americans, the burden of Obamacare remains. It is time for the Administration to be honest with the American people about their failed law.”